|
|
ECONOMIC UNION: An agreement among two or more nations to eliminate trade barriers with each other, to adopt a common trade policy with other nations, to allow free movement of resources among the countries, and to adopt common monetary policy or fiscal policy. This is considered the fourth of four levels of integration among nations.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 10: Utility and Demand | Unit 2: A Simple Choice
|
Page: 7 of 21
|
In this unit, you should have learned about:- How the total and marginal utility derived from consuming a good affects the quantity consumed.
- How a buyer will consume the quantity of a good that generates the highest possible level of utility if not constrained by prices and income.
- How constraints imposed by prices and income prevent a buyer from consuming the highest possible level of utility.
- How changes in the price of a good cause a different quantity of a good to be consumed that generates a different marginal utility.
|
|
|
|
|
|
|
PRIVATE SECTOR The combination of households and businesses into a single group. It is termed the private sector to indicate that decisions are made by private individuals (either consumers or producers) in pursuit of their personal self-interests. The contrasting phrase is public sector, in which decisions are made by governments on behalf of the public.
Complete Entry | Visit the WEB*pedia |
|
|
RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors seeking to buy either a coffee cup commemorating the first day of spring or a printer that works with your stockpile of ink cartridges. Be on the lookout for rusty deck screws.
Your Complete Scope
This isn't me! What am I?
|
|
|
The first U.S. fire insurance company was established by Benjamin Franklin in 1752 in Philadelphia.
|
|
|
"The road to success is always under construction. " -- Lily Tomlin, Actress
|
|
TC
Total Cost
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
